chapter 7 bankruptcy lawyers

What To Expect In Bankruptcy?

Call: 888-297-6203 If financial problems are plaguing you, a bankruptcy filing is an easy way to get rid of debts. However, there are some limitations to the process. Bankruptcy can help halt the collection process, including wage garnishment and eliminate some types of debts (medical bills, personal loans, credit card debt, etc.). Unfortunately, some debts like student loans, spousal and child support, alimony, tax debts, etc. You can wipe some of your debts to get a fresh financial start when you file for bankruptcy. Depending on your income, debts, and assets, you can file for bankruptcy under Chapter [...]

2022-03-16T04:33:17+00:00

Filing For Bankruptcy Without Losing Your Car

Call: 888-297-6203 If you are filing for bankruptcy, there are factors which determine whether you can keep your vehicle or not. According to Dallas law firm lawyers, these factors include whether you are filing for a chapter 7 or 13 bankruptcy, whether you are current or behind car payments, and is the equity in the vehicle exempted or not. Keeping vehicle in Chapter 7 bankruptcy In chapter 7 bankruptcy, most debts are discharged in exchange of giving up your non-exempt property. The non-exempt property is liquidated by bankruptcy trustee and the money generated is paid to the unsecured [...]

2023-04-14T08:29:10+00:00

Fate Of Real Estate Investment In Bankruptcy

Call: 888-297-6203 Personal bankruptcy can be filed under chapter 7 or chapter 13. The fate of investment property depends on which chapter you file under. In case of chapter 7, any property which is not protected by exemptions can be liquidated by the trustee and the proceeds distributed between unsecured creditors. In chapter 13, you can even keep your non-exempt property if you pay for it through the 3-5 years repayment plan. Dallas based law firm explains what happens to real estate investment in different chapters. Real estate in chapter 7 Any property that is protected through exemptions [...]

2023-04-14T08:26:25+00:00

Get Rid Of Your Debts By Hiring Personal Bankruptcy Lawyers In El Mirage, Arizona

Call: 888-297-6203 Having stress is expected if you are having constant quarrels with your spouse due to financial problems. The inability to pay your mortgage and other debts might result in loss of a home, car, or other property due to foreclosure or repossession. This can give you sleep deprived nights. To cope up with the stress of your liabilities you need the assistance of financial experts. Bankruptcy law firms in El Mirage, Arizona that specialize in debt consolidation and bankruptcy can come to your aid in this case. Researching local insolvency law firms is important Since you [...]

2023-04-11T10:15:59+00:00

Get A Wonderful Personal Bankruptcy Lawyer In Glendale, Arizona To Be Debt-Free

Call: 888-297-6203 In case you are having a problem with regular cash flow for your household expenses and this has caused many arguments with your spouse, it is time to take stock of the situation. Are you heavily under debt and unable to pay it back? Do you fear losing your home car or property due to foreclosure or repossession? Is your child’s future in danger? If your answer is yes to any of these questions, it is time to seek the help of experts. What you need is a debt consolidation or bankruptcy expert law firm in [...]

2023-04-11T09:59:41+00:00

What Effect Can My Bankruptcy Record Have on My Life?

A bankruptcy filing is a tough yet necessary decision that people struggling with huge financial debts must make. It may take time to get your debts discharged, depending on the chapter of bankruptcy you’ve filed. While it takes about 3-6 months to get a discharge in a Chapter 7 bankruptcy case, Dallas based bankruptcy law firm Recovery Law Group, informs that a Chapter 13 case continues for 3-5 years’ period before you can get a discharge on remaining unsecured nonpriority debts. However, once you have filed for bankruptcy, the case becomes public record and can be seen by [...]

2021-12-07T06:44:54+00:00

The Bankruptcy Court and Social Media

Can the bankruptcy court interfere with social media space? Well, the answer is certainly yes but not if they are personal social media accounts but definitely if they are social media accounts used for business purposes. This question has popped up after a recent judgment by a Texas bankruptcy court. If any social media platform like Twitter, Instagram, Facebook, etc., are used for promoting business, they can be included in the bankruptcy estate. Not only that, but the bankruptcy court may also order the bankruptcy filer to submit the password of these social media accounts. The same level [...]

2019-08-07T11:31:52+00:00

Which Chapter of Bankruptcy Would Work Best for Me?

People, when confounded with huge amounts of debts, are often looking for ways to get out of this grim situation. Filing for bankruptcy is one of the options that they can choose. However, there are other options also available, say lawyers of Los Angeles based bankruptcy law firm https://bankruptcy.recoverylawgroup.com/, to provide you with a fresh start. Individuals can file for either Chapter 7 or Chapter 13 bankruptcy, however, each has eligibility requirements; you should have income low enough to pass the Chapter 7 means test or substantial disposable income apart from a dollar limit cap on your debts [...]

2023-03-13T08:49:04+00:00

What is No-Asset Chapter 7 Bankruptcy?

While the Chapter 7 is known as the bankruptcy code which sets off debt from the liquidation of assets, it can be surprising to learn about No-Asset Chapter 7 bankruptcy. It could be even more surprising to note that most of the Chapter 7 bankruptcy California cases are No-Asset cases. The no-asset case is a scenario where, the filer does not give in any asset or cash to the bankruptcy trustee for liquidation. The filer instead keeps possession of all the assets, he/she owns. The lenders or creditors will not expect any proceeds or debt settlement, as there [...]

2023-03-07T10:30:17+00:00

Under what circumstances is Chapter 7 bankruptcy better than Chapter 13?

Chapter 7 is not often recommended by professionals as people tend to lose their valuable assets with this type of bankruptcy. However, there are many situations when Chapter 7 can be beneficial than Chapter 13. These benefits can be interpreted as reasons for opting for Chapter 7 over Chapter 13. To learn more about bankruptcy, Chapter 7, Chapter 13 and other Chapters log on to https://bankruptcy.recoverylawgroup.com/. List of some benefits of Chapter 7 Less time-consuming- The process of applying for bankruptcy under Chapter 7 and receiving a court judgment is relatively quick. An average case could take 3-6 [...]

2023-03-13T09:46:11+00:00
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